Stake Purchase • Information Technology

Francisco Partners and Mainsail Partners Invest In Zego

On July 1, 2014, private equity firm Francisco Partners and growth capital firm Mainsail Partners invested in information technology company Zego

Investment Context
  • This is Francisco Partners’ 14th and Mainsail Partners’ 2nd transaction in the Information Technology sector.
  • This is Francisco Partners’ 51st and Mainsail Partners’ 10th transaction in the United States.
  • This is Francisco Partners’ 17th and Mainsail Partners’ 4th transaction in California.
Investment Fate
  • Zego was sold to a consortium of financial buyers in 2017.
  • Zego was sold to a publicly-traded strategic buyer in 2021 for 925M USD.

Explore All 375 Stake Purchase Information Technology Deals - Search the Database Free


Investment Summary

Date July 1, 2014
Target Zego
Sector Information Technology
Investor(s) Francisco Partners
Mainsail Partners
Deal Type Stake Purchase
Advisor(s) Raymond James - Investment Banking (Financial)

Target Company

Zego

San Diego, California, United States
Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investors Overview 2

Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


Deal Context for Investor #
Overall 64 of 160
Sector: Information Technology 14 of 30
Type: Stake Purchase 2 of 5
State: California 17 of 33
Country: United States 51 of 134
Year: 2014 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Masternaut UK

Aberford, United Kingdom

Masternaut UK Ltd. is a designer and delivers SaaS solutions for managing the mobile workforce that enable customers and partners to achieve evolutionary step-changes in their performance and service delivery. Formed through the combination of established telematics providers, Cybit and Masternaut, the new Masternaut boasts the broadest range of telematics products, services and R&D capability in Europe. Masternaut UK Ltd. was founded in and is based in Aberford, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Vendavo

Denver, Colorado, United States

Vendavo provides flexible software solutions that assist manufacturers and distributors with managing, pricing and structuring contractual relationships. Vendavo Advantage is a complete, enterprise-class solution combining all aspects of deal pricing, negotiating, analysis and monitoring. Vendavo was founded in 1998 and is based in Denver, Colorado.

Buy -
Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.


Deal Context for Investor #
Overall 10 of 51
Sector: Information Technology 2 of 5
Type: Stake Purchase 1 of 1
State: California 4 of 9
Country: United States 10 of 50
Year: 2014 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 nCourt

Woodstock, Georgia, United States

nCourt is an independent provider of payment solutions for courts and government entities. The Company serves thousands of government agencies across the United States by providing payment options for traffic citations, property taxes, utilities and court fines, among other services. nCourt was founded in 2002 and is based in Woodstock, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Novus Biologicals

Littleton, Colorado, United States

Novus Biologicals LLC, is an e-commerce and life sciences company that develops, licenses and markets research materials to scientists in academic, corporate and government laboratories. Since 1996, Novus Biologicals has partnered with scientific researchers and third-party providers to develop a portfolio of more than 100,000 products. These research tools provide investigators with high-quality antibodies, proteins, kits and RNAi for the study of protein functions in disease in the key fields of cancer, neuroscience, and metabolic disorders.

Sell $60M